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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 109 · 40 questions
TalentJR

Business tip (Cost plus a fair markup): Markup (profit on one) = cost × percent ÷ 100. Selling price = cost + markup. Markup percent = (selling price − cost) × 100 ÷ cost. Check the price against what buyers will pay.

NameDateTime takenScore ___ / 40
  1. 1.One fruit cup costs ₹16 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One painted pebble costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One clay diya costs ₹42 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One painted pebble costs ₹58 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹12 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  6. 6.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  7. 7.One jute bag costs ₹30 to make and Nisha sells it for ₹33. What is the markup in percent?
  8. 8.One cup of lemonade costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹28 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  10. 10.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  11. 11.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  12. 12.One fruit cup costs ₹55 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One cup of lemonade costs ₹20 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One potted plant costs ₹52 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹42 to make and Joseph sells it for ₹63. What is the markup in percent?
  16. 16.One paper bookmark costs ₹56 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One fruit cup costs ₹15 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹10 to make and Vihaan sells it for ₹20. What is the markup in percent?
  19. 19.One friendship band costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹60 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  22. 22.One paper bookmark costs ₹60 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One friendship band costs ₹31 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  26. 26.One cupcake costs ₹48 to make and Nisha sells it for ₹60. What is the markup in percent?
  27. 27.One handmade card costs ₹56 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹10 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹52 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹50 to make and Meera sells it for ₹60. What is the markup in percent?
  31. 31.One bag of popcorn costs ₹30 to make and Meera sells it for ₹60. What is the markup in percent?
  32. 32.One jute bag costs ₹40 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹50 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹28 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One cup of lemonade costs ₹60 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One handmade card costs ₹26 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One clay diya costs ₹36 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹40 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹54 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹38 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 32
  2. 66
  3. 63
  4. 87
  5. 18
  6. cost + a markup
  7. 10
  8. 33
  9. 35
  10. what buyers will pay
  11. a loss
  12. 11
  13. 25
  14. 65
  15. 50
  16. 28
  17. 3
  18. 100
  19. 11
  20. 75
  21. 10 rupees
  22. 72
  23. 62
  24. 20
  25. 10
  26. 25
  27. 70
  28. 2
  29. 65
  30. 20
  31. 100
  32. 44
  33. 10
  34. 7
  35. 75
  36. 39
  37. 54
  38. 8
  39. 81
  40. 76

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